Business
Statement re Matches
Statement re Matches.
About this update from Frasers Group Plc
[{"type":"text","content":"\n\nDate: 7 March 2024\n \nFRASERS GROUP PLC\n \n \nWe note recent press coverage in relation to MATCHES. Since Frasers Group plc (\"Frasers\" or \"the Group\") acquired MATCHES, the business has consistently missed its business plan targets and, notwithstanding support from the Group, has continued to make material losses. Whilst MATCHES' management team has tried to try to find a way to stabilise the business, it has become clear that too much change would be required to restructure it, and the continued funding requirements would be far in excess of amounts that the Group considers to be viable. In light of this, Frasers has been informed that the directors of MATCHES have taken the decision to put the MATCHES group into administration. Frasers remains committed to the luxury market and its brand partners.\n \n \nEnds\n \n \n\n\n\n\nFRASERS GROUP PLC\n\n\n\n\n\n\n\nRobert Palmer, Company Secretary\nLEI: 213800JEGHHEAXIJDX34\n\n\nT. 0344 245 9200\nE. [email protected]\n\n\n\n\nChris Wootton, Chief Financial Officer\n\n\nT. 0344 245 9200\nE. [email protected]\n\n\n\n\nRonnie Laffar, Group Head of Communications\n\n\nT. 07931 841082\nE. [email protected]\n\n\n\n\nAndrew Kasoulis, Investor Relations Director\n\n\nT. 07826 532191\nE. [email protected]\n\n\n\n\nRosie Oddy, Brunswick Group, PR Advisors\n\n\nT. 07734 861279\nE. [email protected]\n\n\n\n\n \n\n","length":4175,"tagName":"div"}]